BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Azerbaijani oil prices for Nov.30 – Dec.4

The average price for AZERI LT, exported from Azerbaijan via the Turkish port of Ceyhan and Georgian Batumi and Supsa ports, was $44.6 per barrel on Nov.30-Dec.4 or $1.41 per barrel less than the previous week.

The maximum price for AZERI LT, which is produced at the Azeri-Chirag-Guneshli block of Azerbaijani fields, was $46.02 per barrel and the minimum price was $43.89 per barrel during the reporting period.

AZERI LT is delivered to Ceyhan via the BTC and to Georgia - via the Baku-Supsa pipeline, as well as by rail. In 2016 Azerbaijan plans to produce an average of 0.87 million barrels of AZERI LT per day.

The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port stood at $40.27 per barrel or $0.9 per barrel less than the previous week.

The maximum price for Urals totaled $41.73 per barrel and the minimum - $39.31 per barrel on Nov.30-Dec.4.

Azerbaijan sells oil at this Russian port, which is delivered via the Baku-Novorossiysk pipeline. In 2016, the SOCAR state company plans to pump 1.4 million tons of oil through this pipeline.

The average price for Brent Dated was $42.53 per barrel or $1.56 per barrel more than the previous week.

The maximum price for Brent was $44.02 per barrel and the minimum - $41.71 during the reporting period.

International financial institutions forecast that in 2016, the average price for Brent will be $55-$60 per barrel compared to $53-$55 per barrel in 2015.